In the latest salvo of the intensifying war for legal talent among top City firms, Quinn Emanuel has fired a shot across the bow, significantly boosting pay for its newly minted solicitors in London with a major legal pay increase. The powerhouse US-based litigation boutique, the storied ‘most feared’ litigation firm, is raising base salaries […]
The Legal Pay Wars Heat Up in The City as Quinn Emanuel Ups the Ante Read More »
Payday Partners In Deep Cover Albert Goodwin, LawFuel contributor It sounds somewhat sinister, but the ‘black box’ pay system for partner remuneration model that is being used by some big law firms is gaining attention and momentum. In an age of transparency – supposedly – the ‘black box’ model requires deep cover and belies the
Why Are Big Law Firms Using The ‘Black Box’ Pay Model? Read More »
Big Law Salary Scale List The news that Milbank had kicked off the $225k salary payments has seen a raft of other biglaw firms join the fray – much to the joy of associates. Milbank kicked off the biglaw salary increases in November 2023 and the example was followed by Cravath a short time later,
The 80 Firms Who Are Hitting The Big Law Salary Scale? Read More »
Latest Report Shows Partner Pay Rates Increase Again Hard to believe maybe, but law firm partner billing rates are on the increase again – at least in the United States where a new LexisNexis survey reports that billing rates raised by an average of 5.4 percent, which followed a 4.5 percent increase in 2022. The
Why Have Law Firm Partner Billing Rates Gone Up So High? Read More »
Lathams Big Law Salary Scale Splurge Ben Thompson, LawFuel’s big law and List review editor When we published the ‘Profits per Partner’ list last year in our big law salary survey report, Latham & Watkins were topping the list at $7.3 million – and the firm is intent on ensuring it remains top dog in
Big Law Salary Scale Boost Sees Latham Lift The Partner Profits Pool Read More »
No sooner have we written about the PEP earnings of big law firms when Kirkland & Ellis come out with a report (from Law.com) showing revenues growing to $7.21 billion and their profits per equity partner (PEP) rising to $7.96 million. Despite the high profile departure of law stars like London-based Neel Sachdev to Paul
Kirkland & Ellis PEP Growth Creates $8 Million Dollar Men (and Women) Read More »
Record Legal Fee Request Tom Borman, LawFuel contributing editor We reported recently on a record-breaking ‘first’ billion dollar legal fee in the Elon Musk executive compensation case – but away under-estimated – with the fee looking at several billion more. The lawyers who successfully challenged Elon Musk’s $56 billion compensation package as excessive are now
Hourly Rate Unveiled: Lawyers Pursue $6 Billion Legal Fee Tied to Musk’s Pay Package Read More »
Law firm pay scale shakeup in London has seen huge money paid to junior lawyers in a major shakeup on the London law scene
Cravath Scale Big Law Money No-one covers the big law payscale better than AbovetheLaw when it comes to the big law US law firms, and the site has updated the most recent changes with bonus details. As we reported recently there was a significant shift in associate salaries at large law firms in the United
Big law salary scale trends show a continued upwards movement in associate pay and bonus payments
Unraveling the Mysteries of Big Law Salary Trends Read More »
